Honestly, watching $ONE climb like this, I just couldn't resist. I opened a short around 0.0018 a moment ago.
No other reason—I just think the indicators are completely ridiculous. RSI has hit 90, it's surged 70% in the short term, and longs have a huge amount of unrealized profit. I figure the big players will definitely dump it eventually to cash out.
The data makes the shorts look pretty miserable right now, with hundreds of people losing money and stubbornly holding on. The funding rate is negative too, but that actually shows there isn't much money left chasing the price up here. As soon as the longs stop buying, it'll probably all come crashing down.
This trade is a bit against the trend, so I've set my stop-loss at 0.0020. If it really breaks the previous high, I'll take the loss. If it can make a sharp move down, my first target is 0.0015. $ONE
No other reason—I just think the indicators are completely ridiculous. RSI has hit 90, it's surged 70% in the short term, and longs have a huge amount of unrealized profit. I figure the big players will definitely dump it eventually to cash out.
The data makes the shorts look pretty miserable right now, with hundreds of people losing money and stubbornly holding on. The funding rate is negative too, but that actually shows there isn't much money left chasing the price up here. As soon as the longs stop buying, it'll probably all come crashing down.
This trade is a bit against the trend, so I've set my stop-loss at 0.0020. If it really breaks the previous high, I'll take the loss. If it can make a sharp move down, my first target is 0.0015. $ONE
